Connect CRE | Dennis Kaiser
Demand continues to drive the Portland apartment market to new pricing highs, and despite new local regulations, cap rates compressed for a record 8th year in a row and average price per unit continued to rise. Kidder Mathews reports there was $2.3 billion in apartment sales in 2019. Transactions in the Portland Metro and the Willamette Valley dipped 5%, yet overall volume increased by 30%.
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